
Up Over 7X This Month
Posted by Milton Griepp on January 27, 2021 @ 4:13 am CT

Shares of game and merch retailer GameStop rose around 90% on Tuesday to $147.98, an all-time high. The stock closed at $18.84 on December 31, making the January gain over 7X. The increase isn’t because of the company’s prospects; it closed 700 stores last year, with big losses through three quarters (see "GameStop Closing 700 Stores This Year"). Instead the increase is tied to Reddit and Discord groups of retail investors, who are squeezing the large short interests in the stock by buying short-dated call options on GameStop shares, according to the New York Times. This pits retail investors against hedge funds, and right now, the retail investors are winning in this dangerous game.
MORE GAMES
New Worker Placement Game
July 16, 2025
Good Games Publishing will release 12 Rivers, a new worker placement game, into retail.
New Deck Boxes from heo Group
July 16, 2025
heo Group revealed Squaroes: My Little Pony, a new wave of Ultimate Guard collectable deck boxes.
MORE NEWS
As Ongoing Series
July 16, 2025
The colored comics will be published as an ongoing series.
Tournament Pits 36 Heroes Against One Another to Choose a Champion to Fight Darkseid
July 16, 2025
DC K.O. centers on a five-bracket tournament to choose the champion who will face Darkseid in the final battle.